9529 Main St Jonesboro, GA 30236
- Distribution centers
- 30,000 SF
- 2.11 lot acres
Current Use by Public Records
- Allstate Auto Group / Used Car Dealer
- Trident Contracting / Remodeler
- Ls Swaps R Us / Machine Shop
Property Details for 9529 Main St
- Year built
- 1986
- Lot size
- 2.11 lot acres
- Property size
- 30,000 SF
- Zone code
- HI
- Property type
- Distribution centers
- APN
- 06-032 -034-022
- APU
- 6032034022
Description
This exceptional investment opportunity presents a 30,000-square-foot, single-story industrial warehouse in Jonesboro, Georgia. Located at 9529 S Main St, 30236, this Class B property sits on 2.1 acres and boasts a prime location near Hartsfield-Jackson Atlanta International Airport and downtown Atlanta, ensuring easy access to major transportation routes. Built in 1986 and renovated in 2020, the building features eight dock-high doors and two loading docks, along with a 24-foot ceiling height. Currently 80% occupied by three tenants under a gross lease, this multi-tenant property offers a stable income stream with a current asking price of $2,800,000 ($93.33/sq ft and $659,000/unit). The property is zoned HI and includes five units, providing the potential to expand operations or lease to additional tenants, maximizing investment potential. The 2023 property tax assessment was $16,648.00, and the annual insurance premium is $10,283.28. This is an ideal owner-user opportunity with strong potential for future growth in a thriving economic center. The property offers ample space, efficient layouts, and a strategic location for optimal productivity and convenience. This is a rare chance to acquire a well-maintained, income-producing asset with significant upside.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $545,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $685,000
- 6.5%
- $630,000
- 7%
- $700,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $670,000
- Geo Method
- $575,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $595,000
- Retail
- $530,000
- Mixed-Use
- $615,000
- Hospitality
- $620,000
- Educational
- $520,000
- Residential Income
- $620,000
- Energy
- $540,000
- Income-Based Land
- $520,000
- Food Service
- $605,000
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Clayton
- State
- Georgia
- Longitude
- -84.341
- Latitude
- 33.4944
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA